Battery as a service, battery swapping emerge as key topics – GlobalData

The efforts of global governments to promote the electrification of car parcs in order to make transportation more sustainable are encountering several challenges. Among them are the high costs associated with batteries, lower range, and charging infrastructure. Battery as a service (BaaS) and battery swapping have emerged as trending topics of discussion among companies, as these can reduce the cost of ownership while addressing the other challenges as well, according to data and analytics company GlobalData.